• Corner unit over ground and basement levels.
• Located within heart of Merchant City at junction of Ingram Street & Candleriggs.
• Hot food takeaway (sui generis) consent and liquor licence granted.
• Overall Net Internal Area of 113.07 sq.m (1,217 sq.ft) approx.
• New FRI lease available on standard commercial terms.
• EPC Rating ‘G’
• Rental offers in the region of £30,000 invited.
PROPERTY NO LONGER AVAILABLE
Location
The subjects occupy a prominent corner position on the western side
of Candleriggs at its junction with Ingram Street, directly opposite the
Ramshorn Theatre, within the Merchant City district of Glasgow City Centre.
The Merchant City is characterised by a number of Victorian and pre-
Victorian mansionhouses, trading halls and markets. The wider area has
in more recent times undergone a renaissance and is now characterised
by residential properties occupying the upper floors of many of the
original buildings, with retail and leisure occupiers within the ground floor
accommodation.
Commercial occupiers within the vicinity of the property include the
Ramshorn Theatre, Tesco, City Barbers, Scottish Music Centre, Slater
Hogg and Howison, Countrywide, Ferguson Hairdressing, Kool Bar and
Bose amongst others.
Accommodation
DESCRIPTION
The subjects comprise the ground and basement floors of an attractive
traditionally built three storey, former Bank, constructed during the 1940s
and since been converted to retail and office use during the intervening
years.
The unit at ground floor benefits from a return display frontage, fronting
onto both Candleriggs and Ingram Street, comprising steel framed, single
glazed display windows set within a traditional heavy stone frontage on
stall risers clad in marble, The frontage incorporates a canted entrance in
the form of a single leaf solid timber door set at the corner of the building.
Internally, the property is of a typical design and layout arranged to provide
a main retailing area, kitchen, storage and toilet accommodation within the
ground floor including a solid constructed stair leading to the basement
level.
The basement level comprises a series of compartmentalised storerooms,
which include a number of structural strongrooms.
FLOOR AREAS
We calculate the approximate net internal area of the subjects to extend
as follows:
Ground 54.11 sq.m (582 sq.ft)
Basement 58.96 sq.m (634 sq.ft)
TOTAL 113.07 sq.m (1,217 sq.ft)
It should be noted that this area calculation excludes the toilet
accommodation.
Terms
PROPOSAL
We are instructed by our client to conclude matters on the basis of securing
a new full repairing and insuring lease for a period of not less than 10 years.
A rent deposit equivalent to 3 months’ rent will be a strict condition of any
lease agreement reached.
RENT
Rental offers in the region of £30,000 per annum exclusive are invited.
VAT
We are advised by our client that the subjects are elected for VAT and
accordingly, VAT will be payable on the rent.